LOS GATOS, Calif., Oct. 24, 2016 /PRNewswire/ -- Netflix, Inc.
(Nasdaq: NFLX) today announced that it intends to offer, subject to
market and other considerations, $800
million aggregate principal amount of senior notes (the
"Notes") through an offering to qualified institutional buyers
pursuant to Rule 144A under the Securities Act of 1933, as amended
(the "Securities Act"), and outside the
United States to non-U.S. persons pursuant to Regulation S
under the Securities Act.
The interest rate, redemption provisions, maturity date and
other terms of the Notes will be determined by negotiations between
Netflix and the initial purchasers.
Netflix intends to use the net proceeds from this offering for
general corporate purposes, which may include content acquisitions,
capital expenditures, investments, working capital and potential
acquisitions and strategic transactions.
This announcement does not constitute an offer to sell or a
solicitation of an offer to buy the Notes, nor shall there be any
offer, solicitation or sale in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful. The
Notes have not been registered under the Securities Act or any
state securities laws and may not be offered or sold in
the United States absent
registration or an applicable exemption from such registration
requirements.
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SOURCE Netflix, Inc.